Alibaba Group Holding Ltd.'s $10 billion share placement, intended to fund its AI ambitions, has failed to reassure investors, with the stock nearly 6% below its pre-deal close despite co-founder Jack…
Alibaba Group co-founder Jack Ma bought more than HK$600 million (US$76.5 million) worth of Alibaba shares in recent days to show support for the company's AI ambitions, a person familiar with the mat…
Jack Ma spent roughly $77 million buying Alibaba Group Holding Ltd. Hong Kong-listed shares over two trading days this week, following the company's HK$80 billion ($10.2 billion) AI fundraise that sen…
Alibaba Group Holding Ltd. co-founder Jack Ma spent over HK$600 million (approximately $76.5 million) on Hong Kong-listed shares over consecutive trading days, joining Chairman Joe Tsai and CEO Eddie …
Alibaba Group Holding Ltd. co-founder Jack Ma bought more than HK$600 million ($76.5 million) worth of Alibaba shares to show support for its AI ambitions, the South China Morning Post reported, citin…
Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company's Hong Kong-listed shares on consecutive days, signalling confidence in the firm's AI ambitions, accordin…
Sam Altman, CEO of OpenAI, speculated in November 2025 that OpenAI could become the first big company run by an AI CEO, though he acknowledged workers may resist an AI leader with hiring and firing po…
Jack Ma's private equity firm Yunfeng Capital secretly led a $30 million funding round in Corgi, an AI business insurance startup and Y Combinator summer 2024 cohort member, valuing it at $4 billion, …
DeepSeek founder Liang Wenfeng says his AI startup, valued at $60 billion, operates without KPIs or overtime, telling staff in a recorded session that research requires a relaxed environment and that …
Chinese students like 18-year-old Guo Xinyan are increasingly using AI chatbots from Alibaba, ByteDance, Tencent, and Baidu to help select colleges and majors after the gaokao exam, as families seek f…
Jack Ma-backed OceanBase is seeking to raise 2 billion to 3 billion yuan ($295 million to $443 million) in series A funding to expand into AI database services, according to people familiar with the m…
Ant International, the overseas affiliate of Chinese fintech group Ant Group, has raised about $1.2 billion in a fresh equity round to fund its expansion into markets beyond China. The Singapore-based…
Chinese President Xi Jinping will deliver a keynote speech at the opening ceremony of the World AI Conference in Shanghai starting Friday, marking his first appearance at the country's flagship AI eve…
China's slowing economy and the rise of AI tools are spawning a new generation of micro-entrepreneurs who use generative AI to run small businesses, replacing the earlier wave of platform-driven start…
China's AI boom is fostering a new wave of micro-entrepreneurs who use generative AI tools to run businesses, driven by economic slowdown and the phenomenon of 'involution' (neijuan). Unlike the optim…
Ant Group is testing an overhaul of its Alipay super app that introduces an AI agent interface, allowing users to book rides, order coffee, or manage finances via voice or text commands. The move esca…